Deals of the day- Mergers and acquisitions

Reuters Staff

3 Min Read

Oct 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1510 GMT on Monday:

** Canada’s Toronto-Dominion Bank is considering an 8 billion pound ($13 billion) bid for Royal Bank of Scotland’s American retail banking business Citizens, The Sunday Times reported without citing sources.

** Dutch software group Unit4 said it had been approached by private equity firms about a possible takeover at up to 35 euros per share. Unit4 said it was evaluating the offer, which would value the group at about 1.04 billion euros ($1.4 billion), but added that there was no certainty that a bid would be made.

** Facebook Inc will buy start-up app-maker Onavo, the Israeli company said on its website, without giving any details of the deal. Facebook is paying between $150 million and $200 million, the Calcalist financial news website said, making it the social media company’s biggest acquisition in Israel.

** Romania plans to offer 15 percent of its biggest natural gas producer for sale in a stock market debut this year, part of privatization plans agreed with international lenders and which officials have said could raise as much as 600 million euros ($813.8 million).

** Indian state-run explorer Oil and Natural Gas Corp said its overseas arm has agreed to buy an additional 12 percent stake in a Brazilian oil block from Brazil’s Petrobras for $529 million.

** French trade unions said they are open to the prospect of the state taking a stake in loss-making auto-maker PSA Peugeot Citroen but said the key question was the survival of local jobs and control of the group.

** At least seven potential buyers are in the running to bid for a minority holding in Italian fashion house Versace, which plans to sell a 15-20 percent stake to fund growth, sources told Reuters on Friday.

** Emerging markets fund manager Mark Mobius appealed on Saturday for Russian oil company Rosneft to make a “fair and equitable” offer to buy out minority shareholders in oil company TNK-BP. Mobius denied reports on Russian news agencies of a meeting with Igor Sechin, CEO of the state oil major, to discuss a buyout. In comments to Reuters, he said minorities had not yet, as far as he knew, received a formal offer.

** Brazilian phone company TIM Participaçoes SA is not up for sale, its chief executive told a local newspaper, denying reports that Telecom Italia SpA wants to sell its 67 percent stake. A sale of Brazil’s No. 2 wireless company is one option being considered by Telecom Italia’s new chief executive, Marco Patuano, a person familiar with the matter told Reuters last week.